Retail news

• Kering tries to fix Gucci with management overhaul

  18-07-2023 20:29 via ft.com
  Billionaire owner Pinault installs key ally at biggest brand with CEO Bizzarri stepping down
  
  Read more

• Kering overhauls management in effort to fix Gucci performance

  18-07-2023 20:29 via ft.com
  Billionaire owner Pinault installs key ally at biggest brand with CEO Bizzarri stepping down
  
  Read more

• Steiner: Ocado Retail progress is ‘disappointing’ but we will be profitable

  18-07-2023 18:52 via retailgazette.co.uk
  
  Ocado boss Tim Steiner has admitted that the progress of its M&S joint venture has been “disappointing” but insisted that the retailer is “set to get back to its historic levels of profitability”.
  Steiner said that the tie-up with M&S was not where he wanted it to be when the deal was struck, but said it was making “good progress” in its reset plan.
  “I think overall if we look back at where we were in 2019 and what we hoped the business would be
  
  Read more

• Shein accused of bullying suppliers into not working with Temu

  18-07-2023 17:19 via retailgazette.co.uk
  
  Temu filed a lawsuit against rival Shein, accusing it of bullying suppliers into not working with the online marketplace.
  The fast fashion retailer was accused of breaking US antitrust laws by coercing manufacturers to shun working with Temu.
  In a lawsuit filed on Friday, Temu alleges that Shein “forces manufacturers to sign loyalty oaths certifying that they will not do business with Temu”.
  It said the practice had resulted in fewer choices and higher prices for shoppers.
  However, a
  
  Read more

• Advertisement

• Direct to consumer: Oddity is an exception to the Allbirds lesson

  18-07-2023 16:07 via ft.com
  Group’s appeal lies in the profitability of its high-margin beauty products, not tech R&D
  
  Read more

• Woolovers in advanced talks to snap up Hotter Shoes in pre-pack deal

  18-07-2023 13:19 via retailgazette.co.uk
  
  Hotter Shoes could soon be snapped up by clothing brand Woolovers, which is in advanced talks to buy the embattled footwear retailer, Sky News reports.
  The privately owned fashion brand which sells knitwear, jewellery and home accessories, could acquire the business through a pre-pack administration as early as Tuesday afternoon.
  City sources told Sky a deal was “likely but not certain” to be struck with restructuring firm Interpath Advisory, which has been lined up as administrator
  
  Read more

• UK ‘over the worst’ of food price inflation, says Ocado chief

  18-07-2023 13:17 via ft.com
  CEO’s view follows similar remarks from other retailers, raising hopes shoppers will finally see some relief
  
  Read more

• UK ‘over the worst’ of food price inflation, says Ocado

  18-07-2023 13:17 via ft.com
  CEO’s view follows similar remarks from other retailers, raising hopes shoppers will finally see some relief
  
  Read more

• Advertisement

• Superdrug adds ‘Tap to donate’ windows to support LGBT+ charity Switchboard

  18-07-2023 13:09 via retailgazette.co.uk
  
  Superdrug has introduced ‘Tap to donate’ windows at its Manchester Arndale and the Strand, London, stores to support LGBTQ+ charity Switchboard.
  Donations will support the running of Switchboard’s in-demand helpline and ensuring its volunteers remain available to callers.
  Each window will feature a contactless ‘donation point’ where shoppers can tap to donate, with the £3 going directly to the charity.
  Superdrug head of marketing Gemma Mason said: “We ar
  
  Read more

• Sharpest drop in grocery price inflation since March peak

  18-07-2023 12:26 via retailgazette.co.uk
  
  Grocery price inflation has seen its biggest drop since it peaked in March thanks to an influx of supermarket promotions helping to bring down prices.
  Inflation fell for the fourth consecutive month to 14.9% in the four weeks to July 9, down from 16.5%, latest figures from Kantar show.
  The change comes as spending on promotions increased for the first time in two years, accounting for 25.2% of the market, due to more supermarkets introducing loyalty member pricing.
  However, the rate remains &ldq
  
  Read more

• Sainsbury’s leads the pack as grocery prices fall for fourth consecutive month

  18-07-2023 12:26 via retailgazette.co.uk
  
  Sainsbury’s sales growth edged ahead of mainstream rivals such as Tesco and Asda as grocery prices fell for the fourth month in a row.
  Sales jumped 10.7% at Sainsbury’s, just ahead of the 10.5% at Asda and 10.2% at Tesco.
  Morrisons revenue edged up 2.5%, however this was its best showing since April 2021, according to the latest market share data from Kantar.
  However, German discounter Aldi was the fasest growing grocer, with sales soaring 24%, just ahead of Lidl’s 22.3% growth
  
  Read more

• Why are supermarkets jumping on the member prices bandwagon?

  18-07-2023 12:03 via retailgazette.co.uk
  
  If you shop in a mainstream supermarket, chances are you’ll be familiar with member prices.
  While Tesco pioneered the move back in 2020 by launching Clubcard Prices, which offered lower prices to its loyalty scheme members, retailers including Sainsbury’s, The Co-op, Morrisons and M&S have followed suit over the past year in a bid to win over cash-strapped shoppers.
  Retail Gazette looks at why so many supermarkets have adopted this approach, whether it’s proving successful,
  
  Read more

• Watch: M&S kicks off Eat Well summer football campaign

  18-07-2023 12:01 via retailgazette.co.uk
  
  M&S has launched its latest summer campaign as part of its Eat Well Play Well initiative, in partnership with the home nation’s Football Associations.
  The retailer‘s campaign stars a number of the leading female players from across the four nations, alongside returning fan favourite Ian Wright, and represents the latest step in M&S Food’s partnership with England, Scotland, Cymru and the Northern Ireland National Football Teams.
  As the Women’s World Cup nears
  
  Read more

• UK grocery inflation eases for fourth consecutive month

  18-07-2023 11:59 via ft.com
  Annual price growth falls to 14.9%, the lowest rate this year, according to Kantar research
  
  Read more

• Iceland slashes the prices on 500 grocery essentials

  18-07-2023 11:43 via retailgazette.co.uk
  
  Iceland has slashed the price of 500 grocery essentials as it looks to support shoppers during the cost-of-living crisis.
  The price cuts from the frozen food specialist include a 15 pack of Youngs Fish Fingers dropping from £3.50 to £2, Nescafe Coffee 200g from £6.50 to £4.50 and four cans of Heinz spaghetti in tomato sauce from £4 to £3.50, among many other items.Executive chairman Richard Walker: “Families are struggling more than ever as the cost
  
  Read more

• Tesco explores freehold buyback to guard against high inflation

  18-07-2023 09:42 via retailgazette.co.uk
  
  Tesco is looking to acquire the freeholds of more stores in an effort to minimise its lease liabilities and reduce its exposure to persistently high inflation, The Times reported.
  The supermarket owns the freehold of 60% of its 4,860-store portfolio, up from 44% in 2015, according to its annual accounts.
  Tesco is understood to have a target list of prime properties as part of its plans to buy back more of its best-performing sites, sources told the outlet.Subscribe to Retail Gazette for free
  Sig
  
  Read more

• Ocado keeps guidance despite widening losses

  18-07-2023 09:20 via retailgazette.co.uk
  
  Ocado’s half-year losses have widened as it ramps up its cost efficiency drive in a bid to turnaround the business.
  The online grocer’s pre-tax loss widened 37% to £289.5m in the six months to 28 May, up from the £211.3m loss the year before.
  It said the losses relate in part to “exception costs” worth £77.2m, which include a revaluation from Marks and Spencer and restructuring costs from the closure of its Hatfield distribution centre earlier this year.
  
  Read more

• UK inflation expected to fall after grocery price rises ease

  18-07-2023 09:00
  
  Shoppers turning to loyalty schemes like Tesco Clubcard and Sainsbury’s Nectar to help cut costs at checkoutInflation in the UK is expected to fall back after industry figures showed the rising price of groceries eased in July, as more shoppers turned to supermarket loyalty cards amid the cost of living crisis.The annual pace of grocery price growth cooled to 14.9% over the four weeks to 9 July, down from 16.5% a month earlier, according to the retail industry data provider Kantar, droppin
  
  Read more

• UK grocery price inflation eases as shoppers turn to loyalty cards

  18-07-2023 09:00
  
  Britons using Tesco Clubcard and Sainsbury’s Nectar more as costs at the checkout continue to riseGrocery price inflation has eased to 14.9%, the lowest rate since Christmas, as supermarket shoppers sought out loyalty card promotions.The fall in inflation over the four weeks to 9 July was partly the result of shoppers spending more via schemes such as Tesco’s Clubcard and Sainsbury’s Nectar, but it was also driven by a comparison with a step up in inflation a year ago. Continue
  
  Read more

• Revolution Beauty CEO Bob Holt to exit under Boohoo peace deal

  18-07-2023 08:36 via retailgazette.co.uk
  
  Revolution Beauty chief executive Bob Holt and chair Derek Zissman are to step down from their roles as part of the settlement agreement with top shareholder Boohoo.
  Boohoo has also agreed to withdraw its request for a general meeting, the beauty brand said on Tuesday.
  Revolution Beauty and Boohoo have been engaged in a bitter boardroom battle since June after Boohoo urged the company to remove Holt, CFO Elizabeth Lake and Chairman Derek Zissman from the board – a day after they were all r
  
  Read more

• Revolution Beauty CEO Bob Holt to exit as it strikes Boohoo peace deal

  18-07-2023 08:36 via retailgazette.co.uk
  
  Revolution Beauty chief executive Bob Holt and chair Derek Zissman are to step down from their roles as part of the settlement agreement with top shareholder Boohoo.
  Boohoo has also agreed to withdraw its request for a general meeting, the beauty brand said on Tuesday.
  Revolution Beauty and Boohoo have been engaged in a bitter boardroom battle since June after Boohoo urged the company to remove Holt, CFO Elizabeth Lake and Chairman Derek Zissman from the board – a day after they were all r
  
  Read more

• YOUR gorgeous SKIN created by Dr.PAWPAW takes over London

  18-07-2023 02:00 via theretailbulletin.com
  
  Family owned, British brand Dr.PAWPAW has launched a large, localised marketing campaign in the form of taxi wraps. The campaign celebrates the launch of its much... View Article
  
  Read more

• Superdrug introduce ‘tap to donate’ windows to support Switchboard Helpline

  18-07-2023 02:00 via theretailbulletin.com
  
  Health and Beauty retailer, Superdrug has installed new ‘tap to donate’ windows in their Manchester Arndale and the Strand, London stores. The windows have been installed... View Article
  
  Read more

• Revolution Beauty CEO to step down as part of settlement deal with Boohoo

  18-07-2023 02:00 via theretailbulletin.com
  
  Revolution Beauty has announced that its chief executive Bob Holt and chairman Derek Zissman have agreed to step down as part of a settlement agreement with... View Article
  
  Read more

• Red Run to open flagship store at Liverpool ONE

  18-07-2023 02:00 via theretailbulletin.com
  
  Grosvenor has announced that women’s active streetwear brand, Red Run, is set to open its flagship store at Liverpool ONE. Trading from 1,400 sq ft on... View Article
  
  Read more

• OnBuy shakes up online marketplace space with £10 million in cashback rewards

  18-07-2023 02:00 via theretailbulletin.com
  
  UK online marketplace OnBuy has become the world’s first cashback marketplace, taking on the global eCommerce giants with an ambitious new model that will disrupt the online... View Article
  
  Read more

• JD Williams sponsors ITV dating show hosted by Davina McCall

  18-07-2023 02:00 via theretailbulletin.com
  
  JD Williams, the online fashion and homeware retailer, is to become the headline sponsor of ITV1 and ITVX’s new UK version of the dating show, My Mum,... View Article
  
  Read more

• H&M to enter Brazil

  18-07-2023 02:00 via theretailbulletin.com
  
  Fashion retailer H&M has announced plans to expand into Brazil in 2025. Initially entering major cities in the southeast of the country, the retailer will be... View Article
  
  Read more

• David Lloyd Clubs to launch high-end £6.5 Million new concept on Fulham Broadway

  18-07-2023 02:00 via theretailbulletin.com
  
  David Lloyd Clubs has confirmed significant investment with a re-launch of its new high-end concept site, in the first quarter of 2024, at Fulham Broadway. David... View Article
  
  Read more

• Authentic Brands Group appoints new chief financial officer

  18-07-2023 02:00 via theretailbulletin.com
  
  Authentic Brands Group, the owner of fashion brands such as Ted Baker, Hunter and Juicy Couture, has appointed Kevin Wills as chief financial officer. With nearly... View Article
  
  Read more

• Aldimania launches in time for festival season

  18-07-2023 02:00 via theretailbulletin.com
  
  Budget chain Aldi are to bring back the supermarket’s “iconic” Aldimania clothing range on 23 July 2023. Ahead of festival season, the supermarket will relaunch the... View Article
  
  Read more

• Harrods to open first ever private members club in Shanghai

  18-07-2023 01:01 via retailgazette.co.uk
  
  Harrods will open its very first private members club in Shanghai at the end of this year.
  The Residence Shanghai will offer members access to the most sought-after spirits and an exclusive Gordon Ramsay restaurant.
  Located on the second floor of the 20th century Cha House, the club will feature a refined bar and spacious lounge, intimate private dining rooms and outdoor terraces.
  The retailer said the club will “epitomise Harrods’ quintessential British luxury, creating a destinatio
  
  Read more

Follow @retailuknws on Twitter!